Julong plans $897,750 private placement

• Julong agreed to sell 750,000 Class A ordinary shares at $0.300 each and 2,250,000 pre-funded warrants at $0.299 each.
• The private placement is expected to generate $897,750 in gross proceeds and about $828,000 in net proceeds.
• Julong said it intends to use the proceeds for general corporate purposes.

Julong Holding Limited said on Sept. 28, 2026 that it signed a securities purchase agreement with certain investors for a private placement. It expects the deal to close on or about Sept. 29, 2026, subject to the agreement’s conditions.

Julong plans $897,750 private placement

The company said it will issue and sell 750,000 Class A ordinary shares at $0.300 apiece. It will also issue 2,250,000 pre-funded warrants at $0.299 each, with the warrants exercisable immediately at $0.001 a share until fully used.

Gross proceeds are expected to total $897,750. After offering expenses, Julong said net proceeds should be about $828,000.

Julong said it intends to use the money for general corporate purposes, and management will decide on the use and timing of the proceeds. The securities have not been registered under the Securities Act of 1933 or any state securities laws, and the company said they may not be offered or sold in the United States without registration or an exemption.

The company said the investors represented that they were accredited investors under Rule 501(a) of Regulation D and were buying the securities for investment only, with no present intention to distribute them. Julong said more details are in its Current Report on Form 6-K filed with the U.S. Securities and Exchange Commission.